high earners Archives | Taxfile https://www.taxfile.co.uk/tag/high-earners/ Tax advice & accounting services for South London businesses & SMEs Fri, 07 Nov 2025 16:19:42 +0000 en-GB hourly 1 Information You Need to Supply for Professional Help with Your Tax Return https://www.taxfile.co.uk/2025/11/information-needed-for-professional-help-with-tax-returns/ Fri, 07 Nov 2025 16:00:03 +0000 https://www.taxfile.co.uk/?p=7556 Information You Need to Supply for Professional Help with Your Tax Return

[Updated November 2025]: If you're self-employed in the UK and earn more than £1,000 after allowable deductions, you need to file a self-assessment tax return each year. It's not only the self-employed, though. If you are on a higher income* or receive untaxed income from things like property rental, tips, commission, savings, investments, dividends, or foreign income, you also have to submit a return. Partners in business partnerships and those who made a capital gain resulting in Capital Gains Tax (CGT) also need to submit a return.

If you do have to fill in a self-assessment tax return, getting all the tax return fields filled in properly and the figures right can sometimes be difficult. That's where professional help from companies like Taxfile is worth its weight in gold. But what information will your accountant or tax advisor need from you? In today's guide, we'll explain exactly what you'll need to supply.

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Do I Need to Register for Self-Assessment? https://www.taxfile.co.uk/2024/04/do-i-need-to-register-for-self-assessment/ Fri, 05 Apr 2024 13:36:20 +0000 https://www.taxfile.co.uk/?p=8095 Do I Need to Register for Self-Assessment?

by Mohamed at Taxfile.

In today's guide, we look at the rules around whether or not you need to register for Self-Assessment and submit a tax return to HMRC each year. Let's take a look.

Reasons to Register for Self-Assessment

You generally need to register for a Self-Assessment tax return if your income isn't taxed at the source, meaning the tax isn't automatically deducted from your wages/salary. Here are some common scenarios where you would need to register for self-assessment:

The post Do I Need to Register for Self-Assessment? appeared first on Taxfile.

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